Samsung Pay, the South Korean tech giant's mobile payments service, has just reached its one year anniversary. The service has proved to be popular with consumers in the US and Korea and is already very close to passing the 100 million transactions mark.
PayPal is well-known for processing payments — $600 million daily — but it has much loftier goals, according to its president and CEO Dan Schulman: it intends to become a multi-service, global financial behemoth.
Google has announced a limited trial of a new mobile payments app that lets you pay for something in a store with nothing more than your voice. The system requires your phone to be present but doesn’t force you to pick it up.
An update to Android Pay today adds support for using the system to buy things from within apps. Google says it is the "next step" in developing Android Pay, now accepted in over 1 million locations across the U.S.
Square has been doing quite well in the mobile payments business, and the company is on the edge of going public. As is expected, the company is allowing potential investors to examine the risks and uncertainties it has to contend with.
Taxi cabs have been cruising the United States helping passengers traverse the landscape for close to a century. And for most of that 100 year period, cash and coin have been the only compensation taxi drivers could accept.
On Tuesday, Javelin Strategy and Research sent a buzz through the world of mobile payments upon the publication of their annual retail point-of-sale update and forecast, a report which evaluates the actual and forecast changes in the retail POS market.
According to published reports that likely don't please the executives at mobile payments company Square, it looks like plenty of Starbucks baristas are having trouble completing transactions with Square's mobile payments solution.
In 2010 the District Department of Transportation (DDOT) in Washington D.C. initiated its new pay-by-phone parking system. The intent of this system was to eliminate the need for drivers to have change handy to feed into parking meters.